Ukraine Started Selling Electricity to Europe

by Olha Povaliaieva
Thursday, June 30, 2022
Ukraine Started Selling Electricity to Europe

On June 30, the export of Ukrainian electricity to Romania started, and then to the rest of the EU countries

After Ukraine joined the European ENTSO-E system, it became possible to sell surplus electricity to European countries. According to the prime minister of Ukraine, Denys Shmyhal, the export of Ukrainian electricity began this night. The first flow is directed to Romania, then other countries that were previously interested in buying Ukrainian electricity will start exporting.

"Just three months after receiving the visa-free energy regime, the long-awaited export of Ukrainian electricity to Europe began! Today, at 1 a.m., such exports went in the direction of Romania. The initial volume is 100 MW," Denys Shmyhal.

According to the government of Ukraine, the volume of exports is about 2.5 GW and brings the state about $1.5 billion per year.

"After Ukraine's victory in the war, this will significantly increase investment in the industry and modernize it to the best European standards. Energy will become one of the drivers for the recovery of our economy, as it has already become the driver of our integration into the EU," Shmyhal.

We remind you that on May 10, Ukraine and Moldova signed a contract for the supply of Ukrainian hydropower.

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